I've always been surprised that Exxon didn't spin off its retail units and then redomicile the large remainder of their business to Singapore. Their taxes would drop by more than half, boosting profitability for shareholders substantially, along with residing in a place with a government who actually "gets it." The same argument could be made for companies such as GE, Microsoft, Apple. etc.

A number of US reinsurance companies re-domiciled to Bermuda to avoid income tax on the company and on the employees. The law already prevented them from directly moving to Bermuda, but the companies found various means to circumvent the intent of the law and move to Bermuda.

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